Business groups and other stakeholders are at odds over how the IRS’s proposed rules on the GOP tax law’s new tax break for tips treats automatic gratuities. news.bloomberglaw.com/product/tax/...

NEW: A bipartisan group of House lawmakers called on Treasury Secretary Scott Bessent to finalize implementation rules for the Section 45Z credit that prioritizes North American feedstocks. news.bloombergtax.com/daily-tax-re...

Tax prep companies are close to a long-held goal of scrapping the IRS Direct File program, and spent millions this year to further that aim, among other policies, federal lobbying disclosures show. news.bloombergtax.com/daily-tax-re...

POD: What may get Republicans to reintroduce the "revenge tax" and what's happening in US talks to get agreement on the US tax system coexisting with Pillar 2? Find out on this week's Talking Tax as I discuss this and more with PWC principal Beth Bell buff.ly/uSdk7zO

IRS Files Tax Lien Against Sen. Jim Justice in West Virginia news.bloombergtax.com/daily-tax-re...

New from me: The US Tax Court’s move to cancel two weeks of trials due to the government shutdown is threatening to jam up the busy system. The canceled trial sessions will likely spur further delays in litigation as a skeleton crew of IRS attorneys triages cases. buff.ly/YWV2ZxC

A federal judge threw out a defamation lawsuit filed by two IRS agents against Hunter Biden’s attorney, finding that the lawyer’s statements were constitutionally protected opinions. news.bloombergtax.com/daily-tax-re...

The US Supreme Court’s conservatives suggested they will restrict the creation of majority-Black and majority-Hispanic voting districts in a case that could further undercut a landmark civil rights law and bolster Republican electoral prospects. news.bloomberglaw.com/product/blaw...

NEW from me: President Donald Trump’s campaign promise of a tax break on overtime enjoys wide support, but implementation has been a slow roll and is spurring confusion for businesses and workers ahead of next year’s filing season. news.bloombergtax.com/daily-tax-re...

NEW: The Trump administration has begun firing workers at the IRS and Treasury Department, as it tries to leverage mass layoffs in the standoff over government funding in Congress. It’s unclear how many employees will be impacted. news.bloombergtax.com/daily-tax-re...

Podcast: On this week's Talking Tax, I sat down with Pete Sepp, president of the National Taxpayers Union. He said Congress is right to seek answers on how the CEO may interact with a commissioner, and concerns that many top IRS positions remain open. buff.ly/gsbClaT

Scoop w/ @reportercioffi.bsky.social: The Trump administration assured Sen. Chuck Grassley that they plan to name a new nominee to lead the IRS, even as the Treasury Department names new de facto leadership, according to the tax writer's office. news.bloombergtax.com/daily-tax-re...

Scoop: America’s largest lobbyist for manufacturers is urging the Treasury Department to issue business-friendly guidance on key provisions from July’s tax law. news.bloombergtax.com/daily-tax-re...

New: Tax writers and their crypto allies hope to leverage a hearing in the Senate Finance Committee tomorrow to build on momentum for a new taxation regime for digital assets, including a suite of key asks from the industry. w/ @reportercioffi.bsky.social news.bloombergtax.com/daily-tax-re...

Thune and Schumer engaging in a live debate- Thune holding CR says it funds government until Nov 21, argues Democrats will have the same leverage then that they have now. Schumer accuses GOP of refusing to negotiate on Dems' demands, and calls for a return to the table

Floor Chart DUEL: Sen. Schumer takes Sen Thune's floor chart and has to wrangle the stand too, as he addresses Thune's criticism of Democrats' CR vote as the two parties stare down a shutdown.

CRYPTO: The Senate Finance Committee scheduled a hearing looking at the taxation of digital assets on Wednesday, October 1. buff.ly/5jwWaqa

Lawmakers are turning their attention to challenges that are frustrating taxpayers and at the center of legal disputes, with input that backers say would streamline tax administration and the judicial process. www.bgov.com/news/T334C0GPWCH5

List for no tax on tips is out: Yes for taxi and delivery drivers, waitstaff, caddies and plumbers. Hard no on exotic pet smugglers, counterfeiters or those engaging in pornographic activity. buff.ly/oOqEe52

!!NEW: Federal investigators have been poring through client records of the global law firm Baker McKenzie LLP as they expand their probe of US taxpayers fraudulently sheltering income by claiming residency in Puerto Rico.

New: House tax writers advanced two measures Wednesday aimed at improving US Tax Court operations and clarifying rules for supervisory approval of IRS penalty assessments.

Hours into his second day of contentious testimony in Congress, Kash Patel, the FBI director, sparked one of the more unusual stock rallies of the year.

The IRS has issued job postings for thousands of positions in the taxpayer services division after months of staffing cuts that shrunk the agency’s workforce by about one-quarter. buff.ly/kUDG2xp

“You’ve heard of Direct File,” new IRS Commissioner Billy Long said Monday in one of his first public appearances since taking the job. “That’s gone. Big beautiful Billy wiped that out. I don’t care about Direct File. I care about direct audit.” news.bloombergtax.com/daily-tax-re...

Tax Admin News - Taxpayers with stolen or lost refund checks would be eligible for electronic payments under a bill from Marsha Blackburn Mark Warner. A version of the blil has already passed the House. buff.ly/8V9wCnf

Republicans are pushing for policy changes on traditionally bipartisan issues like cryptocurrency, but in the aftermath of the GOP’s $3.4 trillion tax-and-spending bill there may be little goodwill left. buff.ly/Wa4KZkf

Andy Harris on outcome of HFC discussions over concerns with the bill: “We came to significant agreements with the administration overnight on executive actions, both inside and outside of the bill that will make America great again” When we may see them: “Ask the president”

!!! TRUMP TAX BILL PASSES 218-214.

!!! TAX BILL HAS THE VOTES TO PASS

The GOP’s $3.4 trillion tax bill seems headed toward passage, but backers of some policies that didn’t make it in—from normalization of tax relations with Taiwan to extending a bipartisan work credit—will ramp up lobbying before campaign season begins news.bloomberglaw.com/product/tax/...

!!! Jeffries passes McCarthy - he now holds the record for longest floor speech

Kevin McCarthy holds the current record: 8 hours, 32 minutes.

MAGIC MINUTE: Hakeem Jeffries said I'm going to take my time when and started talking at about 4:30 a.m. He's still going... looks like there's lots of speech left. Richard Neal yielded "one minute to Jeffries," But House leaders can talk for as long as they wish - Magic!

Final passage SOON: House Republicans overcame a critical procedural hurdle to advance Donald Trump’s massive tax and spending package early Thursday www.bloomberg.com/news/article...

NOW: Democrats telling members to return to the floor to start vote that tees up final passage on the tax bill.

Eric Tarpinian-Jachym, an intern in the office of Rep. Ron Estes, was shot and killed in Northwest D.C. on Monday night, Metropolitan Police and the Kansas Republican confirmed.

Super Bowl of Tax question - Assuming the GOP has the ball at about the 2-minute warning of the second half. What yardline is the party currently on?

Lobbyists worked furiously to put their stamp on the Senate tax and budget megabill with some industries racking up big wins, while others saw losses in the package passed Tuesday by the chamber. buff.ly/OuKnga9

NEW: The excise tax seen as an existential threat to the solar and wind industry has been stripped from the Senate GOP tax megabill that passed the chamber in a tie-breaking vote Tuesday. buff.ly/19Q9Kja

VANCE BREAKS 50-50 tie and Senate PASSES the massive tax and spending bill after a marathon session that began at about 9 a.m. yesterday and ended at about noon today.

VP VANCE just broke a 50-50 tie on the final amendment to add the negotiated text that's been changed over the past several days. ` They're moving to Senate passage.

The One Big Beautiful Bill Act is now nameless, joining a long line of reconciliation bills before including the 2017 tax bill it extends. Schumer just raised a point of order stripping the name out of the legislation.

!!NOW: Hoeven says they'll start voting within the next 15 minutes – 4 finals votes including wraparound via Ken Tran

Barasso says yes to reporters asking if he expects a vote this morning.

Key holdout Lisa Murkowski was asked if the deal is in the hands of the parliamentarian. “It’s in the hands of the people that operate the copy machine”

DISCUSSION happening in the back of the Senate chamber. Murkowski, Barasso, Thune, Crapo, Sullivan all huddled together having what looks to be a v intense conversation.

Wonder what happened overnight on the tax bill? The Senate voted... and voted some more. And it's still voting. Senate Republican leaders are still scrounging up votes to pass Donald Trump’s $3.3 trillion tax and spending bill. buff.ly/142wHT8

Democrats call it “magic math.” Republicans say they’re not doing “anything sneaky.” The GOP use of a controversial revenue-estimating method could, potentially make it easier for lawmakers in both parties to enact broad future changes in tax bills. news.bloombergtax.com/daily-tax-re...

The Senate’s version of President Donald Trump’s proposed tax cut bill will cost the bottom 20% of taxpayers an average of $560 a year while giving an average boost of $6,055 to those at the top end.

Senate Republicans are moving forward with a plan to mask the $3.8 trillion cost of extending expiring tax cuts in President Donald Trump’s signature economic legislation by using an unprecedented accounting maneuver. buff.ly/v9pPsAl